June 28th, 2011
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Author: The clock is running out on the opportunity to raise the nation’s debt ceiling—and even GOP economists are warning that allowing the U.S. to default on its debt could have devastating consequences for the economy.
As we reported last week, Arizona Sen. Jon Kyl was the last Republican to walk out of debt-reduction talks with Democrats, shortly after issuing a statement complaining that Democrats “are insisting on job-killing tax hikes and new spending.”
If you want to dive into the debt crisis yourself, Congresswoman Gabrielle Gifford’s office is hosting a town hall on the topic this Thursday, June 30.
Among the experts who will be on hand: David Walker, the former U.S. comptroller general who has long been sounding an alarm about the deficit.…
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